Industry news DRC

An increase in demand for cobalt from manufacturers of electric car batteries would support a ramp up in production at the Democratic Republic of Congo (DRC) mine of Eurasian Resources Group (ERG), said Reuters citing the firm’s CEO, Benedikt Sobotka.

TSX-listed Ivanhoe Mines has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo.

The Democratic Republic of Congo’s state-owned entity Société de Miniere de Kilo-Moto SA, or SOKIMO, has issued a press statement indicating its displeasure with the proposed merger between Randgold Resources and Barrick Gold Corporation.

The 2018 DRC Mining Week conference and exhibition, which was held at the Grand Karavia hotel on 13 – 15 June 2018, celebrated significant successes, with the biggest number of exhibitions and delegates ever!

Robert Friedland, Executive Chairman of Ivanhoe Mines and CEO, Lars-Eric Johansson, state the placement transaction with CITIC Metal has received all necessary recordals and registration with Chinese government regulatory agencies.

The world’s largest high grade, copper-only deposit, situated in the DRC – Kamoa-Kakula – will join the elites of copper mine producers across the globe when it transitions from development into production.

The recently ended DRC Mining Week at which 10 Zimbabwean companies exhibited under the ZimTrade banner, kickstarted negotiations for nearly $3 million worth of business deals for Zimbabwean mining and mining inputs companies.